Shopping center

What ALDI’s rapid expansion means for net rental investors

The pandemic has cast a spotlight on essential retailers, and despite a resurgence in almost every retail category, the grocery sector remains a priority for investors. Shopping Center Business recently reached out to Tom Georges, Director of Stan Johnson Co.’s New York office, to discuss current trends impacting the single-tenant and multi-tenant grocery industry and […]

Shopping center

MacKenzie chosen to sell Hagerstown shopping center

The South End Mall in Hagerstown is located at 1101-1181 Maryland Ave. and situated on nearly 12 acres of land with over 450 surface parking spaces. The asset faces MD Route 632 and more than 12,000 vehicles pass through the site daily. (photo sent) MacKenzie Commercial Real Estate Services, LLC and Equity Retail Brokers have […]

Shopping center

Suburban Chicago mall sells for $20 million

Randall K. Rowe, President and Founder of Green Courte Partners, outside 840 South Waukegan Road in Lake Forest (Green Courte Partners) An Arkansas company has paid $20 million for a 90% occupied mall in suburban Chicago, indicating a rebound in retail as concern over the virus ebbs. Woodard Properties purchased the 50,000 square foot complex […]

Shopping center

Ethan Offenbecher joins Sands Investment Group as Head of Shopping Center Investment Sales Team

Ethan Offenbecher “Our team is best in class and the opportunity to serve clients nationwide is an opportunity I couldn’t pass up. And we’re just getting started. 2022 is going to be a phenomenal year for real estate multi-tenant investment plan,” -Ethan Offenbecher AUSTIN, TX (PRWEB) February 22, 2022 Sands Investment Group (SIG) is […]

Shopping center

Ethan Offenbecher Joins Sands Investment Group as Head of Shopping Center Investment Sales Team | News

AUSTIN, TX, February 22, 2022 /PRNewswire-PRWeb/ — Sands Investment Group (SIG) is pleased to announce that Ethan Offenbecher joined the team in November 2021 to lead the mall investment sales team. As a shopping center specialist, Offenbecher brings over 20 years of award-winning experience. He most recently served as team leader of the Offenbecher Group, […]

Shopping center

Felch Street Shopping Center in Holland Twp. sold for $21 million

TWP HOLLAND. – A private Georgia real estate company recently purchased the Felch Street Mall in Holland Charter Township for $21 million. The 166,100 square foot mall is fully leased to national and regional retailers including Barnes & Noble, Bed Bath and Beyond, Jo-Ann Fabrics, Jonathan Stevens Mattress, Party City, PetSmart, Shoe Carnival, TJMaxx and […]

Shopping center

Chambersburg City Council clears sale of first phase of Southgate Shopping Center

CHAMBERSBURG, Pa. (WHTM) – From a strip mall to a mixed-use community, change is coming to Chambersburg, Franklin County. Borough council voted late Monday to allow the Chambersburg Area Municipal Authority (CAMA) to purchase the Southgate Mall. Man wanted for stealing over $11,000 from an elderly/dependent person; Chambersburg Police This has been a Borough objective […]

Shopping center

PGIM Hires CBRE to Sell Marshfield Plaza Mall in Chicago’s South End

A sale of Marshfield Plaza – and its price – could provide additional clues about the state of the mall investment market. Malls suffered early in the COVID-19 pandemic as retailers closed stores and stopped paying rent. As consumers spent more money online and shunned physical stores, the most pessimistic prognosticators were predicting that the […]

Shopping center

Retail investment strengths set to continue in 2022

A fresh influx of money aimed at the retail sector has made 2021 a strong year for investment sales in the category. Factors such as the continued inflow of capital, attractive yields, diminishing fears over the demise of the 1031 exchange, and trading opportunities indicate that 2022 will likely follow in the footsteps of 2021 […]

Shopping center

RPT Realty is selling Chicago Mall for 44% off

Webster Place Mall and RPT Realty CEO Brian Harper (Google Maps, LinkedIn) A New York investment firm sold a Chicago mall at a roughly 44% discount in December after scrapping a major development plan for the troubled property. RPT Realty has sold Webster Place, a 135,000 square foot shopping center located at Webster and Clybourn […]

Shopping center

Prosper Mall is Dallas real estate investor’s latest buy

A Dallas investment group has taken over a high-profile shopping mall in Prosper. Younger Partners Investments has purchased The Shops at Prosper Trail, a nearly 100,000 square foot shopping center on Preston Road. The Strip mall is next to a Kroger Marketplace grocery store and is 98% leased. “The Shops at Prosper Trail is a […]

Shopping center

RJ Brunelli Completes Sale of ITC Crossing South Mall in Mt. Olive, NJ to Robert Rivani’s Black Lion Investment Group

MT. OLIVE, NJ, January 4, 2022 /PRNewswire/ — RJ Brunelli & Co., LLC today announced that it has negotiated the December 2021 sale of the 373,612 square foot ITC Crossing South shopping center in this Morris County community at Black Lion Investment Group, the fast-growing commercial real estate company led by a 31-year-old real estate […]

Shopping center

The pandemic has allowed shopping center REITs to do better than ever

Investors looking for gains in commercial real estate have been left perplexed as the ongoing global pandemic upends the sector. As traditional retail, offices and apartments crumble, the humble strip mall, epicenter of community shopping, is proving its enduring value to neighbors and investors. Changing buying habits have changed investment strategies in the real estate […]

Shopping center

Deltona mall sells for $4.2 million

PHOTOS COURTESY OF COLDWELL BANKER COMMERCIAL AS THE CROWED OVER — The Deltona Fountains Mall is an L-shaped plaza encompassing nearly 35,000 square feet of retail space. The resort was recently sold by its out-of-town owner to a South Florida company for $4.2 million. Deltona Fountains, a shopping complex located near the intersection of Deltona […]

Shopping center

Mall owner Kimco Realty buys rival Weingarten in $3.87 billion deal

Close-up of a sign for Kimco Realty, a real estate investment trust that is among the largest publicly traded operators of outdoor shopping malls, in the San Francisco Bay Area town of Daly City, California on 3 November 2017. Smith/Gado collection | Stock photos | Getty Images Mall owner Kimco Realty said on Thursday it […]